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Cryptocurrency Price Speculations / Re: 72 , are we going to break 75k at last?
« on: Today at 02:07:41 AM »A fun fact, if adjusted for inflation, Bitcoin has not yet broken the previous ATH.
According to this article (from March 2024): https://truflation.com/blog/sober-truth-bitcoins-real-all-time-high-is-76-623 the previous ATH of $69,044.77 (Nov 2021), when adjusted for inflation is an equivalent of $76,623.74 in today's money (or March's money).
I think it's a good idea to focus more on the actual value (i.e. purchasing power) instead of looking at the nominal figures only. It helps put things in perspective, especially when comparing prices in 4-year cycles.
that only works for a holder.
When we got to 69k I sold .25 btc
When it dropped to 16k in 2023 I purchased .25 btc
I crushed inflation.
I sold at 71k this year.
I also did well selling at 69k in Nov 2021.
doing point to point does show the weakness of hold.
which certainly happened between nov 2021 and march 2024